New Kitchen

Moneygrabber89

We are about to look at putting in a new kitchen. We have been quoted 9k including all the plastering, electrics, tiling etc.

 

We bought the house for 161,250 in November 2020 however their current kitchen was 33 years old (Same age as house). My only worry is not making back the money we put into the kitchen / house. I am thinking of also converting the garage into an outhouse with French doors which I can do myself but still have outgoings.

 

I know house prices have jumped a lot since November (Approx 3% they think) but I was wondering in like 5 years when we come to sell house and move to an area with better catchment that we will not loose out money wise with house values seeming to be on the up.

 

I was wondering your guys opinions. Both positive and negative welcome.

davidmcn

Is it important that you "make back the money" from the alterations? Aren't you attributing any value to your own use of e.g. a new kitchen for 5+ years?

Doozergirl

Surely the house is devalued by a 33 year old kitchen? 

£9k isn't bad for a new kitchen.  You also have the consider the value it will provide you to over the next five years. 

No one knows what house prices are going to do, but I would imagine that most buyers would definitely be budgeting for a new kitchen in a house with a kitchen that will be heading for 40 years old when you go to sell.  It certainly won't be a plus point! 

RelievedSheff

Does it matter if it adds value?

You plan to live there for the next fives years or so. Would a new kitchen benefit you in that time?

Bluebell1000

£9k seems really expensive, though I guess it depends on the extent of the works you are planning, and size of the kitchen! I'd definitely suggest getting more quotes though. If you want to keep costs down, would you be willing to compromise e.g. second hand kitchen. Presumably if that includes appliances you could take (at least some of) those with you. I would be surprised if you'd get a full £9k back just from the upgraded kitchen, but you would get the benefit of it now, and it'd likely make it easier to sell in the future. 

Moneygrabber89

Kitchen istelf is 4.5k. Tiles at £700 and fitting tiles is 700. Kitchen fitting itself is £1200 and then extra costs for eletric, gas and plastering.

Yeah it would make it a lot nicer place to live for the next 5 years but i dont want to loose money in the long run. I hope house prices jump right up 

SpiderLegs

9k for a fitted kitchen is nothing. 

What you are asking doesn’t really make sense. Nobody in five years time is purely going to pay you 9k more for your house on the basis of your five year old 9k kitchen.
But they might pay you significantly more than if it still had a 38 year old kitchen.
or they might look at your five year old kitchen and decide it needs ripping out and a 20k one putting in instead.

Nobody knows. Don’t worry about it. If your kitchen is minging and you have the money then buy a new one.

FreeBear

I took the view that the next owner of this house won't like my choice of kitchen. On that basis, I did what I wanted and what I thought would suit my needs. No wall cupboards, no dishwasher. Five cupboards plus a big pan drawer is all I need (along with a fridge & sink).

Does it affect the value of the house ?

Possibly, but I don't care.

Rambosmum

If you can convert your garage yourself, can you not fit a kitchen? 

AdrianC

Moneygrabber89 said:

Yeah it would make it a lot nicer place to live for the next 5 years but i dont want to loose money in the long run.

£9k over 5yrs is £150/mo.

How much do you value a "lot nicer place to live" for half a decade?

Turning it around slightly, how much less would you pay for a house with a damn-near-40yo kitchen than one with a 5yo one, even if the newer one wasn't quite your taste?

SallyDucati

As others have said a 38 year old kitchen will not help you sell in a few years.  I'd also say go for a kitchen that suits your needs (not future buyers), as if you don't you could well spend the next 5 years hating it, which is not a good way to live in your home!